What is a Money Transfer?

Rapid Transfers

Rapid transfers are our most popular way to transfer. When you need to send or receive money right away, simply lock in our OFX customer rate, send us your funds, and let us do the rest.

Single Transfers

Single transfers, or “Spot Deals” allow you to lock-in our great rate, send us your funds and let us do the rest. Whether you’re sending or receiving funds, we make it simple, swift and secure.

Locked-in OFX rates

Fast transfers

Minimum transfer AUD 250

Recurring Transfers

These are ideal for recurring transfers such as a monthly mortgage or quarterly school fees. Whatever your needs are, our recurring transfers are scheduled to ensure you’re on time, every time. Simply set up a transfer schedule and leave the rest to us.

Zero OFX fees & direct debit available

Minimum 4 transfers

Minimum transfer AUD 500

Ready to OFX it? Start your instant transfer now

Risk Management

We can help manage your personal and business foreign exchange risk with a variety of transfer options.

Buy now, transfer later

If you need to lock in a rate but aren’t ready to transfer now, our Forward Exchange Contract may be for you. You can book transfers between two days and twelve months from today, protecting you against exchange rate movements.

Locked-in OFX rates

Manage your cash flow

Minimum AUD 50,000

Set your target rate

Limit Orders allow you to set your target rate, 24 hours a day, 5 days a week. This ensures you don’t miss out if your target rate is reached overnight or while you’re out with family and friends. Once your target rate is triggered, we'll contact you to complete your transfer.

Minimum AUD 30,000 online

Minimum of AUD 10,000 over the phone

Valid up to 6 months

FX Option

Our FX Option gives you the right, but not the obligation, to transfer at a certain time and rate, in exchange for an up-front premium. This provides you with protection against adverse exchange rate shifts while also allowing you to take advantage if the rate moves in your favour. It really is the best of both worlds.

Our range of risk management transfer options all help you to manage the risk associated with larger transfers and provide benefits for both personal and business transfers.

Forward Exchange Contracts allow you to “buy now, transfer later.” This could be right for you if you want to lock-in the current exchange rate but aren’t ready to make the transfer now. You can schedule your transfer between two days to twelve months from today, protecting you from rate fluctuations. Please note there is a minimum transfer amount of AUD 50,000 or equivalent.

With our Limit Order you can set your target rate and once it’s triggered we’ll contact you to complete your transfer. This means we’ll watch the market for when you can’t, so you save time as well as your money with our great exchange rates. Our minimum transfer amount for Limit Orders is AUD 30,000 or equivalent and is valid for up to 6 months.

An FX Option gives you the right, not obligation, to make a money transfer at a certain exchange rate and time for an up-front premium. We like to think of it as being the best of both worlds, giving you protection against adverse rate movements while allowing you flexibility to take advantage of favourable rate movements. The minimum transfer amount is AUD 50,000 or equivalent and is only available for clients based in Australia.

If you would like to learn more about our other ways to transfer, click here. If you’d like to make a transfer with any of the above ways to transfer, please give us a call and one of our team members will help you get started.

Forward Exchange Contracts, Limit Orders and FX Options carry risk. Please speak with us or refer to our PDS for more information.

Note: Forward Contracts are currently unavailable in Hong Kong, while still being open to our customers in Australia, United States, Canada, New Zealand, United Kingdom and Singapore.

Get live exchange rates with our all-in-one currency converter, transfer money and track your transfers on the go with our mobile app.

IMPORTANT: This information has been prepared for distribution over the internet and without taking into account the investment objectives, financial situation and particular needs of any particular person. OzForex Limited ABN 65 092 375 703 (trading as “OFX”) and its subsidiaries make no recommendations as to the merits of any financial product referred to in the website, email or its related websites. Please read our Product Disclosure Statement and our Financial Services Guide.

*Average savings based on published rates of ANZ, Westpac, NAB and CBA on a single transfer of AUD$10,000 to USD between 1.9.17 and 5.10.17 excluding weekends. Transaction costs excluded. Quoted savings are not indicative of future savings.